Record U.S. Gas Production, U.S. Rig Count: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

NATURAL GAS
EIA: U.S. Set to Produce Record Natural Gas to Keep Up with Domestic, Export Demand - U.S. energy firms produced a record amount of natural gas during the third quarter as producers scrambled to keep up with soaring domestic and export demand for the fuel. Power-hungry data centers and a boom in liquefied natural gas (LNG) exports are driving up U.S. gas use, pushing producers to pull more gas out of the ground. Both supply and demand are set to hit record highs in 2025 and 2026, according to the U.S. Energy Information Administration (EIA). The EIA projected dry gas production will climb from 103.2 billion cubic feet per day (Bcf/d) in 2024 to 107.1 Bcf/d in 2025 and 107.4 Bcf/d in 2026. That compares with a record 103.6 Bcf/d in 2023. The agency also forecasts gas consumption, including exports, will rise from a record 111.5 Bcf/d in 2024 to 115.7 Bcf/d in 2025 and 117.7 Bcf/d in 2026. (Reuters)

PIPELINES
Enbridge to Gauge Interest in Mainline Network Expansion - Enbridge (Calgary, Alberta) said on Friday it plans early next year to formally gauge commercial interest in a second phase of capacity expansion on its Mainline crude oil pipeline network. The company said if the project goes ahead, it could add 250,000 barrels per day of additional capacity on the Mainline by 2028, helping to meet rising demand for export access from Canadian oil shippers. (Reuters)

PRODUCTION
U.S. Drillers Add Rigs - U.S. energy firms last week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes (Houston, Texas) reported. The oil and gas rig count rose by two to 548 in the week ending November 7. Baker Hughes said oil rigs held steady at 414 last week, while gas rigs rose by three to 128, their highest since August 2023. The number of miscellaneous rigs also declined by one to six. (Reuters)

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About IIR Energy

Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info Resources

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).